🚨ICYMI: The UK and Dutch govts will no longer finance the controversial Mozambique LNG project, which is a huge win for people and planet!
Read @reuters.com story: www.reuters.com/business/ene...
🚨ICYMI: The UK and Dutch govts will no longer finance the controversial Mozambique LNG project, which is a huge win for people and planet!
Read @reuters.com story: www.reuters.com/business/ene...
HUGE WIN: UK Government pulls $1.15bn in support for the controversial Mozambique LNG project - putting pressure on the Dutch Govt to pull out too.
@financialtimes.com story: www.ft.com/content/b2ea...
#COP30 Rich countries are derailing the transition away from fossil fuels by clinging to failed private finance schemes.
Blended finance isn’t working. Public funding is the only path forward.
Must-read via @devex: www.devex.com/news/opinion...
At #COP30 the EU poses as champion of a #fossilfuel fuel phase-out.
But it doesn’t need others to move first: it funds it, burns it, banks the profits, then points the finger South.
That’s not climate ambition – it’s demagoguery.
👇Thread👇
8/ 📢 New op-ed from the Asian People’s Movement on Debt and Development's Lidy Nacpil & @esbast.bsky.social: At #COP30, public finance is the key to a fair fossil fuel phaseout. No more excuses. Rich countries must pay their fair share.
🔗 www.commondreams.org/opinion/cop3...
It's crunch time at #COP30 and we want to remind Global North governments of the obligations they keep trying to escape.
🛑We reject their false finance schemes, and demand the public, grant-based finance our communities deserve.
#PayUp #ClimateFinance
🚨BREAKING: International Finance Corporation @ifcorg.bsky.social, Asia Development Bank & International Bank for Reconstruction and Development put on notice over fossil fuel finance even as govts at #COP30 discuss a fossil fuel phase-out roadmap.
Details ➡️ www.globalcapital.com/article/2flx...
"The fossil fuel phaseout roadmap we are fighting for at COP30 needs to address systemic economic barriers to the transition, not prop up debt traps and dead ends that prolong the fossil fuel era.”
@oilchange.bsky.social @rlalen.bsky.social @canclimateaction.bsky.social @350.org @foeint.bsky.social
@bronwentucker.bsky.social says: "GS countries can't leverage enough private finance for the transition with the pennies of climate finance they're offered. This approach has been pushed for years & the results are in. Energy transitions are driven by public funding & public planning."
@cop30brazil.bsky.social President do Lago was just quoted @theguardian.com: for a fossil fuel phaseout "you don’t need public money from developed countries".
This is false & risks fuelling tensions in the talks where developing countries facing debt crises underline that public finance is key.
🚨 In the final days of #COP30, we need to be very clear:
📣A just transition away from fossil fuels needs public money, and rich countries need to pay their fair share 📣
The COP30 presidency risks derailing the entire negotiations by saying otherwise.
oilchange.org/news/oil-cha...
#COP30 ends 3yrs of talks to align 💸 flows with climate goals (Article 2.1c). But 💰 is still going to fossil fuels. Will COP30 be the turning point?
➡️State of play by @oilchange.bsky.social @re-course.org @eurodadnews.bsky.social @boellus.bsky.social @caneurope.org:
www.linkedin.com/pulse/aligni...
BREAKING: While the UK Government grandstands about climate change at #COP30, a fossil fuel megaproject it is considering taxpayer support for is hit by a new crisis:
www.ecchr.eu/en/press-rel...
🚨Korea has just joined the Powering Past Coal Alliance at #COP30 - a late but welcome step. However, Korea is yet to take any serious action on oil and gas and continues to provide huge taxpayer-backed finance for international fossil fuel projects.
Read our reactive: oilchange.org/news/korea-j...
📣 BREAKING
At least 531 lobbyists for groups that advocate for a misguided technology that prolongs #FossilFuel use (aka Carbon Capture & Storage #CCS) have gained access to the #COP30 climate talks.
Read: sg.news.yahoo.com/carbon-captu...
A 🧵
5/ Read our policymakers briefing, with @350.org and @ciel.org @obsclima.bsky.social, to find out about the concrete opportunities to advance a fast, fair and funded fossil fuel phase-out @COP30 & learn what we mean when we say this COP must close with a BAM 💥: oilchange.org/wp-content/u...
1/ At COP28 governments agreed to transition away from fossil fuels. Two years later, fossil fuel production is rising & energy transition finance is falling short. Leaders at @COP30 must now turn promises into action.
This is how: oilchange.org/wp-content/u...
EU tentatively agrees weakened climate target in final-hour deal for COP30: www.reuters.com/sustainabili...
BREAKING: A person in the richest 0.1% produces more carbon pollution in a day than someone in the bottom 50% produces all year.
Same pollution. Different worlds. But only one pays the price.
👉Read Oxfam's new #ClimatePlunder report to learn more. oxf.am/climateplund...
#MakeRichPollutersPay
Revealed❗Money meant to help poor countries tackle the climate crisis is lining the pockets of billionaires. Luxury carmakers, telecoms giants & a firm building gas-fired power are getting UK climate aid via @britishintinv.bsky.social
➡️ Full story: www.thebureauinvestigates.com/stories/2025...
1/ 📢 Research released today by @Oil Change International and @clientearth.bsky.social, ‘Wasting Public Money’, reveals how Germany is breaking its 2021 promise to stop using public money to fund fossil fuel projects overseas.
➡️ oilchange.org/news/german-...
"Fossil fuel companies are the biggest cause of the climate crisis, and their political power is the biggest barrier to solving it,” Oil Change Int'l's research director Kelly Trout told @emdashsanders.bsky.social.
bit.ly/3L8Zzna
⏰ The deadline for applications for my maternity cover is coming up fast ➡️ Next Monday 20 October.
The only “green” thing about the #COP30 Circle of Finance Ministers’ report is how much it recycles failed ideas. Gov must stop dodging responsibility: end fossil fuel handouts, tax the rich, cancel unjust debt, + fund a just transition. oilchange.org/news/ministe...
#ClimateFinance
The EU wants to be seen as a climate finance leader, but this is more self-praise rather than progress. It is falling short of ending its fossil fuel subsidies or contributing its fair share to global climate finance.
#COP30 #JustEnergyTransition #ClimateFinance
oilchange.org/news/eu-mini...
EU Finance Minister's decisions on #climatefinance today give a muddled message.
Private finance isn’t delivering. The EU must scale up public finance, phase out fossil fuel subsidies & back polluter-pays taxes.
🔗 Our reaction: caneurope.org/climate-finance-position-the-emperor-has-no-clothes
I'm going on maternity leave in Jan 🤰 and I am looking for a cover!
If you want to join @oilchange.bsky.social to help end fossil fuel finance & increase support for a just transition, do apply! Climate litigation experience is a plus.
oilchange.pinpointhq.com/en/postings/...
Please share!
A new report released by @oilchange.bsky.social, @iisd.org and @foeus.bsky.social reveals that an international alliance to shift public finance away from fossil fuels is working.
Why? International public finance for #FossilFuels was slashed by up to 78% in 2024 ✅
https://tinyurl.com/35a3h67r
Great coverage by @reuters.com of our NEW report showing that among CETP countries, there's a 78% drop in public finance for fossil fuels, or between $11.3 billion and $16.3 billion, compared with 2019-2021 levels, before the agreement was signed.
Read more ➡️ www.reuters.com/sustainabili...